IFSC Code of State Bank Of India, Caranzalem, Goa, Goa- SBIN0017239

Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of State Bank Of India for its Caranzalem branch in North Goa, Goa, or Goa, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of State Bank Of India located in North Goa or anywhere in Goa can transfer funds instantly by using the correct IFSC Code SBIN0017239. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Caranzalem, North Goa

Here are the main details that are associated with the IFSC Code SBIN0017239 of State Bank Of India for its branch located in North Goa, within the district of Goa in the state of Goa.

These details help users in online banking and for businesses and individuals who use State Bank Of India in North Goa for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0017239 for the Caranzalem branch of State Bank Of India has a very important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Caranzalem, North Goa, Goa, is provided with a unique IFSC like SBIN0017239 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the State Bank Of India branch in North Goa.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any errors or confusions between multiple branches of the same bank across different places like North Goa and Goa.
• It reduces errors in fund transfers and improves accuracy.
• It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Goa and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Caranzalem do not get mixed with another location.

Format of the IFSC Code SBIN0017239

The format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For State Bank Of India, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Caranzalem in North Goa.

For example, the IFSC Code SBIN0017239 of State Bank Of India for the Caranzalem branch includes these elements, identifying the bank and the branch location in North Goa and Goa accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0017239 of State Bank Of India for its Caranzalem branch located in North Goa, the following methods can help:

Cheque Book

The cheque books that are issued by State Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including State Bank Of India branches in North Goa and Goa, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of State Bank Of India and find the branch locator section. Search for Caranzalem or North Goa to get the exact IFSC Code SBIN0017239.

Mobile Banking App

If you use State Bank Of India's mobile app, you can easily check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for State Bank Of India and North Goa that will provide accurate information.

How to Use IFSC Code SBIN0017239 for Online Transfers?

If you have the IFSC Code SBIN0017239 for the Caranzalem branch of State Bank Of India in North Goa, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0017239. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Asks for the recipient's account details and State Bank Of India IFSC Code SBIN0017239.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for State Bank Of India Caranzalem in North Goa, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of State Bank Of India in Caranzalem, here are some of the ways you can get it:

• Check the bottom of your cheque leaf.
• Refer to the first page of your passbook.
• Visit the official State Bank Of India website.
• Search the RBI portal.

Knowing both IFSC and MICR code can help account holders in North Goa manage their online transfers and cheque clearances easily.